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Non-Tech : Abercrombie and Fitch -- Ignore unavailable to you. Want to Upgrade?

To: E.J. Neitz Jr who wrote (293)	4/21/2000 11:53:00 AM
From: jbe	Respond to of 335

Ed, you are absolutely right. At one point, I swore never, ever to buy a retail stock again. I have gotten burned on them too many times. I really don't understand why investors are so much harder on retail stocks than they are on others, but they indisputably are. I have done my own research, which is why I am sticking with ANF (sheer stubborness, probably). Another retail outfit that is just as undervalued as ANF right now, perhaps even more so, is its major competitor, AEOS. Yet another A+ company down in the dumps! <sigh> jbe

To: E.J. Neitz Jr who wrote (293)	4/21/2000 5:22:00 PM
From: David	Respond to of 335

Ed: I also am falling victim to the retail sector drawn in by low prices. Bought ANF recently and intend to buy more on Monday. Another company that may tempt your value investing interests is Elder Beerman (EBSC). The company trades at less than net cash assets and, like Bon-Ton, is a regional department store chain (8th or 9th largest in the country). I bought because the company appears to be extremely undervalued and there are several large shareholders that may attempt to out the value by voting out current management or encouraging a buyout. Read the SC 13D/A's that were filed by PPM and Snyder and you will see that these shareholder groups are exerting pressure on current management to do something to elevate the depressed stock price. Also, EBSC dropped off below $5.00/sh yesterday presenting a good buying opportunity. On the topic of ANF, it seems like the company has a proven track record of growing sales and earnings over the past ten years at a sizeable pace without incurring debt or relying on the equity markets. Internal growth such as has been demonstrated here, I would think, is very uncommon. Furthermore, it appears that you can buy ANF today at a price that fails to take into account very little if any future growth.